Company Profile For Nortel Networks Corporation

Nortel Networks Corporation (Nortel) supplies end-to-end networking products and solutions that help organizations enhance and simplify communications. These organizations range from small businesses to multi-national corporations involved in all aspects of commercial and industrial activity, to federal, state and local government agencies and the military. They include cable operators, wireline and wireless telecommunications service providers, and Internet service providers. It designs, develops, engineers, markets, sells, supplies, licenses, installs, services and supports these networking solutions worldwide. It operates in four segments: Carrier Networks (CN), Enterprise Solutions (ES), Metro Ethernet Networks (MEN) and Global Services (GS). In March 2009, Radware Ltd. completed the acquisition of assets pertaining to Nortel’s Layer 4-7 Application Delivery Business.

BRIEF: For the six months ended 30 June 2009, Nortel Networks Corporation's revenues decreased 31% to $3.71B. Net loss totaled $781M, up from $251M. Revenues reflect decreased income from CALA segment due to completion of certain customer contract obligations, a fall in income from Canada region due to decreased CDMA solutions & circuit & packet voice solutions businesses. Higher loss also the presence of goodwill impairment charges.